Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31true12021-11-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12214554 2021-11-01 2022-10-31 12214554 2020-11-01 2021-10-31 12214554 2022-10-31 12214554 2021-10-31 12214554 c:Director1 2021-11-01 2022-10-31 12214554 d:CurrentFinancialInstruments 2022-10-31 12214554 d:CurrentFinancialInstruments 2021-10-31 12214554 d:Non-currentFinancialInstruments 2022-10-31 12214554 d:Non-currentFinancialInstruments 2021-10-31 12214554 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12214554 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 12214554 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 12214554 d:Non-currentFinancialInstruments d:AfterOneYear 2021-10-31 12214554 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 12214554 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-10-31 12214554 d:ShareCapital 2022-10-31 12214554 d:ShareCapital 2021-10-31 12214554 d:RetainedEarningsAccumulatedLosses 2022-10-31 12214554 d:RetainedEarningsAccumulatedLosses 2021-10-31 12214554 c:OrdinaryShareClass1 2021-11-01 2022-10-31 12214554 c:OrdinaryShareClass1 2022-10-31 12214554 c:OrdinaryShareClass1 2021-10-31 12214554 c:FRS102 2021-11-01 2022-10-31 12214554 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 12214554 c:FullAccounts 2021-11-01 2022-10-31 12214554 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 12214554 e:PoundSterling 2021-11-01 2022-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12214554









SOHO TALENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
SOHO TALENT LIMITED
REGISTERED NUMBER: 12214554

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
161,362
88,536

Cash at bank and in hand
 5 
3,249
3,124

  
164,611
91,660

Creditors: amounts falling due within one year
 6 
(156,315)
(46,943)

Net current assets
  
 
 
8,296
 
 
44,717

Total assets less current liabilities
  
8,296
44,717

Creditors: amounts falling due after more than one year
 7 
(256,538)
(156,538)

  

Net liabilities
  
(248,242)
(111,821)


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
(248,243)
(111,822)

  
(248,242)
(111,821)


Page 1

 
SOHO TALENT LIMITED
REGISTERED NUMBER: 12214554
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 February 2024.




N Hamson
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SOHO TALENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Soho Talent Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1-2 Portland Mews, London, England, W1F 8JE (Registered number 12214554).
The company was incorporated on 18 September 2019 and started trading on the same day. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The director has obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SOHO TALENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 4

 
SOHO TALENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Debtors

2022
2021
£
£


Trade debtors
360
-

Other debtors
154,071
88,536

Prepayments and accrued income
6,931
-

161,362
88,536



5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
3,249
3,124

3,249
3,124



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
77,519
4,430

Amounts owed to other participating interests
7,022
37,163

Other taxation and social security
-
2,417

Other creditors
-
433

Accruals and deferred income
71,774
2,500

156,315
46,943



7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other loans
26,538
26,538

Other creditors
230,000
130,000

256,538
156,538


Page 5

 
SOHO TALENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

8.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£



Amounts falling due 2-5 years

Other loans
26,538
26,538


26,538
26,538


26,538
26,538


Page 6

 
SOHO TALENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

9.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) Ordinary share of £1.00
1
1



10.


Related party transactions

Included in creditors is an amount of £7,022 (2021: £37,163) due to Film Soho Limited, a company under the common control of the directors and £nil (2021: £433) due to  Studio Soho Distribution, a company under the common control of directors.
Included in trade creditors is an amount of £58,958 owed to Film Soho in relation to group undertakings, these were settled in 2023.

Page 7